Fantasy Cruise Lines On January 1,2012,the company purchased a ship for $1,000,000.It has a ten-year useful life and a residual value of $100,000.The company uses the double-declining-balance method.
-Refer to Fantasy Cruise Lines.What will be the book value of the ship after ten years?
A) $200,000
B) $400,000
C) $ 0
D) $100,000
Correct Answer:
Verified
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